MasTec

MasTec, Inc. engages in the provision of infrastructure construction services. It operates through the following segments: Communications, Oil and Gas, Clean Energy and Infrastructure, and Other. The Communications segment performs engineering, construction, maintenance, and customer fulfillment activities related to communications infrastructure, primarily for wireless and wireline/fiber communications, and install-to-the-home customers. The Oil and Gas segment offers services on oil and natural gas pipelines and processing facilities for the energy and utilities industries. The Clean Energy and Infrastructure segment serves energy, utility and other end-markets through the installation and construction of power generation facilities, including from clean energy and renewable sources such as wind, solar and biomass, as well as various types of heavy civil and industrial infrastructure. The Other segment consists of equity investors, other small business units that perform construction, and other services for a variety of international end-markets. The company was founded by Jorge Mas Canosa on July 26, 1968, and is headquartered in Coral Gables, FL.

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MasTec reports strong Q4 earnings, eyes growth in Clean Energy

MasTec's Q4 2022 showcased robust financial performance and strategic focus on non-Oil and Gas segments for future growth.
While facing challenges in Q1 2023, MasTec's investments in key segments and strong backlog position it well for '24 and '25.
Opportunities lie in Clean Energy, Power Delivery, and Communications sectors, with expectations of margin improvements and revenue growth.
Guidance for 2023 indicates a positive outlook with revenue projected at $13 billion and a focus on diversification and operational efficiency.

MasTec reports strong Q1 performance, eyes margin expansion opportunities

MasTec's Q1 2023 performance showcased strong revenue and backlog growth, with a focus on diversifying away from oil and gas markets.
The company aims to drive long-term shareholder value through margin expansion, operational efficiencies, and improving return on invested capital.
Challenges include negative adjusted EPS, cash flow usage, and high depreciation levels, while opportunities lie in significant industry demand and margin expansion targets.
Overall, MasTec's outlook for 2023 as an earnings transition year sets the stage for improved earnings power and long-term growth through strategic initiatives.

MasTec reports strong Q2 earnings, faces margin challenges ahead

MasTec's Q2 2023 performance showed revenue growth and margin improvement, but challenges in meeting revenue expectations and margin pressures persist.
The company is focused on operational efficiency, revenue diversification, and managing growth to capitalize on opportunities in various segments.
Despite margin concerns and revenue challenges, MasTec remains confident in its progress, customer relationships, and future earnings potential.
With a positive outlook for revenue growth, margin enhancement, and operational performance, MasTec is strategically positioned for future success and profitability.

MasTec reports robust Q3 performance, eyes growth amid challenges

MasTec's Q3 2023 showed strong financial performance but faced challenges in various segments impacting revenue estimates.
The company anticipates growth opportunities in Clean Energy, Power Delivery, and Communications segments for 2024.
Addressing tax equity concerns and focusing on margin expansion are key strategies for future success.
Despite challenges, MasTec remains confident in meeting margin targets and capitalizing on market demand in 2024.

MasTec reports strong Q4 earnings, eyes growth in Communications and Clean Energy

MasTec's Q4 2023 earnings call highlighted strong financial performance, challenges in certain segments, and positive outlooks for future growth opportunities. The company is focused on expanding its Communications and Clean Energy segments while navigating challenges in Power Delivery and labor capacity.
With a solid financial foundation and strategic growth initiatives, MasTec aims to capitalize on opportunities in Oil and Gas, Utilities, and Communications sectors. The company's focus on margin improvement and backlog growth positions it well for future success.
Despite challenges faced in 2023, MasTec remains optimistic about its growth prospects, especially in the Oil and Gas pipeline segment and Clean Energy business. By addressing challenges and leveraging opportunities, MasTec aims to drive sustainable growth and profitability.

MasTec reports strong Q1 earnings, raises full-year outlook significantly

MasTec is focused on scaling vertical offerings for revenue growth and margin improvement. The full-year outlook has been raised, with revenue expected to reach $12.55 billion and adjusted EPS of $2.95, a 50% improvement versus 2023.

MasTec reports robust Q2 earnings, eyes growth amid sector challenges

MasTec delivered strong financial results in Q2 2024, driven by robust performance in key segments and strategic project wins.
Despite challenges in the Power Delivery segment, the company remains optimistic about long-term growth prospects.
With a solid backlog, margin outperformance, and favorable market conditions, MasTec is poised for continued success and expansion.

MasTec reports strong Q3 performance, eyes margin improvement

MasTec's Q3 2024 results reflect a robust performance with record revenues and a positive outlook for margin improvement and value creation.
The company's strategic investments post-pandemic have positioned it for growth, supported by strong demand across all segments.
While challenges in sustaining growth persist, MasTec's focus on diversification, margin enhancement, and revenue growth presents opportunities for continued success.

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The construction company is doing a big deal in a tough operating environment.

Why MasTec Shares Are Falling Today

Infrastructure and Energy Alternatives (IEA) stock is soaring higher on Monday following news that MasTec (MTZ) is acquiring the company. The post IEA Stock Gains 29% as MasTec Announces Acquisition Deal appeared first on InvestorPlace.

IEA Stock Gains 29% as MasTec Announces Acquisition Deal

Infrastructure & Energy Alternatives

Significantly Expands MasTec's Clean Energy & Infrastructure Segment Incremental Service Capabilities and Customer Base Adding Union Based Clean Energy Power Generation Services Expanding MasTec's Clean Energy Maintenance Service Offerings  Bolsters Non-Union Craft Labor and Equipment Resource Capacity  Strong Cultural Alignment and Experienced Leadership Team Transaction Expected to Close Late Q4 2022 and be Accretive to MasTec's 2023 Adjusted EPS Before Synergy Benefits, with Potential Revenue and Operational Synergies in 2024 and Beyond MasTec Updates Financial Guidance for the Second Half of 2022 MasTec to Host Conference Call at 8:30 AM ET Monday, July 25, 2022, to Discuss the IEA Acquisition CORAL GABLES, Fla. and INDIANAPOLIS , July 25, 2022 /PRNewswire/ -- MasTec (NYSE: MTZ) ("MasTec") and IEA (Nasdaq: IEA) today announced that they have entered into a definitive agreement under which MasTec will acquire all of the outstanding shares of IEA in a cash-and-stock transaction valued at $14.00 per IEA share.

MasTec to Acquire Infrastructure and Energy Alternatives, Inc. ("IEA"), a Premier Renewable Energy and Infrastructure Services Provider

CORAL GABLES, Fla. , July 22, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that it will release results of operations for the quarter ended June 30, 2022, after the market closes on Thursday, August 4, 2022.

MasTec Schedules Second Quarter 2022 Earnings Release and Conference Call

Delayed projects and the economic slowdown are dogging EPS for this major C&E provider

Bear of the Day: MasTec (MTZ)

CORAL GABLES, Fla. , May 25, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its senior management will be participating in a fireside chat with our covering analyst at Cowen's 2nd Annual Sustainability & Energy Transition Virtual Summit on Tuesday, June 7 th at approximately 11:10 p.m.

MasTec Senior Management to Participate in Webcast Fireside Chats at the Cowen and Stifel Institutional Investor Conferences

MasTec, Inc. (NYSE:MTZ ) Q1 2022 Earnings Conference Call May 6, 2022 9:00 AM ET Company Participants Marc Lewis - Vice President of Investor Relations Jose Mas - Chief Executive Officer George Pita - Executive Vice President & Chief Financial Officer Conference Call Participants Justin Hauke - Baird Neil Mehta - Goldman Sachs Alex Rygiel - B. Riley Marc Bianchi - Cowen Jamie Cook - Credit Suisse Adam Thalhimer - Thompson Davis Andy Kaplowitz - Citigroup Brent Thielman - D.A.

MasTec, Inc. (MTZ) CEO Jose Mas on Q1 2022 Results - Earnings Call Transcript

MasTec (MTZ) first-quarter results reflect end-market growth opportunities across the Communications, Clean Energy & Infrastructure and Power Delivery segments. However, project delays hurt.

MasTec (MTZ) Incurs Q1 Loss, Beats on Revenues, Lowers View

First Quarter 2022 Results Include GAAP Net Loss of $35.0 Million, Adjusted EBITDA of $99 Million, Diluted Loss Per Share of $0.47 and Adjusted Diluted Loss Per Share of $0.03, Exceeding Guidance Expectations by $0.09 Per Share Record 18-Month Backlog as of March 31, 2022 of $10.6 Billion, a 35% Increase Over the Same Quarter Last Year Continued Strong Balance Sheet with Ample Liquidity and Comfortable Leverage Metrics Annual 2022 Guidance Range Includes Revenue of $9.2 Billion, GAAP Net Income From $186 to $205 Million, Adjusted EBITDA of $850 to $875 Million, Diluted Earnings Per Share From $2.45 to $2.70 and Adjusted Diluted Earnings Per Share From $4.22 to $4.47 CORAL GABLES, Fla., May 5, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced 2022 first quarter financial results and updated its full year 2022 guidance range expectation to reflect anticipated 2022 project timing delays in its Clean Energy & Infrastructure and Oil & Gas segment operations.

MasTec Announces First Quarter 2022 Financial Results with Record Backlog and Updates Guidance for the Year

CORAL GABLES, Fla. , April 22, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that it will release results of operations for the quarter ended March 31, 2022 after the market closes on Thursday, May 5, 2022.

MasTec Schedules First Quarter 2022 Earnings Release and Conference Call

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to C&T Insurance Company (C&T) (Vermont). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect C&T's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM). C&T is a

AM Best Assigns Credit Ratings to C&T Insurance Company

CORAL GABLES, Fla. , March 30, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that Ms.

MasTec Announces the Appointment of Ava L. Parker to its Board of Directors

MasTec is positioning itself to become a market leader in the shift to renewable energy.

MasTec, Inc. And Its Real Value

CORAL GABLES, Fla., March 7, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its senior management will be presenting at the Goldman Sachs Energy Services Symposium Virtual Investor Conference on Wednesday, March 9 th at approximately 9:35 a.m.

MasTec Senior Management to Present at the Goldman Energy Symposium Investor Conference

It's highly debatable whether the company deserved the 13% share price drubbing it got after posting its earnings.

Is the Market Overreacting to MasTec's Q4 Results?

In its latest earnings release, the company missed on one of its key guidance numbers.

Why MasTec Stock Is Sinking Today

MasTec, Inc. (MTZ) CEO Jose Mas on Q4 2021 Results - Earnings Call Transcript

MasTec (MTZ) ends 2021 on a strong note, with record revenues and adjusted EBITDA of nearly $8 billion and $931 million, respectively.

MasTec's (MTZ) Q4 Earnings Beat, Revenues Lag Estimates

MasTec (MTZ) delivered earnings and revenue surprises of 2.27% and 2.77%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

MasTec (MTZ) Q4 Earnings Beat Estimates

MasTec (MTZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: MasTec (MTZ) Q4 Earnings Expected to Decline

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We believe that Lincoln Electric Holdings Inc. currently is a better bet compared to MasTec Inc.. Lincoln stock trades at 2.4x trailing revenues, much more than that of MasTec, whose P/S multiple stands at 0.9x.

Read This Before Buying MasTec Inc. Stock

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CORAL GABLES, Fla., Feb. 14, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that it will release results of operations for the year and quarter ended December 31, 2021 after the market closes on Thursday, February 24, 2022.

MasTec Schedules Fourth Quarter 2021 Earnings Release and Conference Call

CORAL GABLES, Fla., Dec. 31, 2021 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its senior management will be presenting at the Goldman Sachs Energy and Clean Technology Virtual Conference on Wednesday, January 5 th at approximately 3:40 p.m.

MasTec Senior Management to Present at the Goldman Sachs and Citibank Virtual Investor Conferences

CORAL GABLES, Fla., Dec. 30, 2021 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced today that it has closed its previously announced acquisition of Henkels & McCoy Group, Inc. ("Henkels"), the 5th largest U.S. utility contractor in the recent 2021 Engineering News-Record ranking, in a cash and stock transaction valued at approximately $600 million.

News for MasTec Stock (MTZ)